FHA/HUD Multifamily
Capital Funding, LLC offers FHA/HUD multifamily loans for borrowers seeking fixed rate, long-term financing.
With programs available through HUD’s Federal Housing Administration (FHA) Office of Multifamily Housing Programs, we offer FHA/HUD apartment loans, both affordable and market rate, as financing options for borrowers seeking high leverage allowances, with fixed rates and longer terms. HUD loans are non-recourse and fully assumable with FHA/HUD approval.
Through our partnership with HUD, we support several HUD loan programs, including new construction or substantial rehabilitation of new or existing apartments; acquisition or refinancing of existing multifamily properties; and the refinancing of existing FHA-insured loans or grants. Our experienced MAP (Multifamily Accelerated Processing) team expedites the underwriting, processing and closing of FHA/HUD-insured apartment loans for both for-profit and non-profit borrowers. After your loan is executed, our partnership doesn’t end; we continue servicing your HUD loan, for the life of the loan.
HUD Multifamily eligible borrowers must be single asset/single purpose entities and may include the following: individuals, limited liability companies, non-profits, partnerships, private corporations, public bodies and cooperatives, and trusts.
Benefits
- Low, fixed interest rates
- Amortization of up to 35 years (40 years for new construction/substantial rehabilitation)
- One loan closing with construction to permanent loan
- Fully assumable for qualified buyers
- Negotiable pre-payment provisions
- Minimal reporting requirements
- Loan to value of 80%; up to 90% predicated upon program
- No personal recourse (HUD Multifamily Non-Recourse Policy)
Working with CFG’s team has been a pleasure. They are extremely responsive and readily available to answer any questions that I might have regarding our HUD loans, reporting requirements and loan servicing expectations.
Brian D. Thompson, The Peplinski Group, Inc.
Track Record
CFG has a highly-successful track record of creating new products and investment platforms that are tangential to and leverage the entire CFG family of companies.
Multifamily Property | South Carolina
Overview
CFG executed $24.9 million in financing to support construction of an existing multifamily property in South Carolina for a privately-held borrower.
Approach
With decades of expertise in HUD multifamily financing, CFG’s Multifamily Accelerated Processing team was able to expedite the underwriting, processing and execution of the HUD/FHA-insured loan to help the borrower get the financing needed.